Rhode Island Living Trust Forms
Download a Rhode Island Living Trust form in order to set up a separate entity to hold your selected assets and property for the benefit of your loved ones. A trust is flexible because you can designate who, when, how much and for what purpose your beneficiaries will receive funds. A trust is a private agreement, unlike a will which is probated by the probate court. A trust also provides continuity of property and asset management because it continues during the life of the grantor and after his or her death.
Revocable vs. Irrevocable: A Revocable Trust is a trust that can be revoked during the grantor’s lifetime, while an irrevocable trust should not be revoked during the grantor’s lifetime.